article thumbnail

Report: Aston Martin Actually Won’t Be Going All Electric

The Truth About Cars

Despite previously having vowed to offer an entirely electric lineup by 2030, Aston Martin has decided to continue selling internal-combustion vehicles beyond the next decade. Company chairman Lawrence Stroll now believes that there will always be demand for combustion engines.

article thumbnail

Mercedes-Benz AG and Aston Martin to expand technology partnership and shareholding; hybrid and electric powertrains

Green Car Congress

Mercedes-Benz AG and Aston Martin Lagonda Global Holdings plc announced a new strategic technology agreement and an enhanced partnership. Access to these technologies will be granted in exchange for new shares in Aston Martin, issued in several stages over the next 3 years, up to a total value of £286 million (US$373 million).

article thumbnail

Bentley CEO Jumps Ship for Aston Martin

The Truth About Cars

Bentley's former CEO Adrian Hallmark has broken with the company after making remarks that sales were down due to wealthy people buying fewer luxury products over concerns that it might upset poorer people living in those markets. That’s paraphrasing and his words were chosen much more carefully.

article thumbnail

Report: Aston Martin Seeking Fourth CEO in Four Years

The Truth About Cars

Aston Martin is reportedly reaching out to candidates to replace Amedeo Felisa as the company’s chief executive officer, potentially setting the business up to have its fourth CEO in four years. By November of 2023, Aston Martin reported an adjusted operating loss of £48.4 Tuesday in London.

article thumbnail

Aston Martin eyes G-Class, Defender rival | Autocar Professional

Baua Electric

Aston Martin is considering a rugged, high-powered super-4×4 to rival the Mercedes G-Class and Land Rover Defender , our sister publication Autocar UK can reveal. Autocar UK has heard that a build run capped at 2,500 units is possible for the Aston 4×4, in a bid to preserve exclusivity.

article thumbnail

Rivian faces gender discrimination lawsuit from former exec ahead of IPO

Teslarati

As the days count down towards the company’s entry into the stock market, Rivian Automotive Inc. Laura Schwab served as Rivian’s vice president of sales and marketing, joining the company in November 2020 after leaving Aston Martin. million in equity in the form of restricted stock units. .

article thumbnail

Lucid CEO Peter Rawlinson explains his compensation plan

Teslarati

Rawlinson’s comments came amidst criticisms that his compensation plan is notably large, even if Lucid is still yet to make a breakthrough in its vehicle production and sales. “Many may not be aware of my founding role in this company as we know it today. We are also a technology company. million in Q4 2023.